Metz: Border workers climb real estate prices

Pushed by the purchasing power of frontier workers, the prices of some METZ neighborhoods have been exploding since the beginning of the pandemic. What delighted sellers and investors. The Mosellane metropolis has recently been eligible for the Denormandy device.

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a metz (moselle), the euphoria persists after two years off standards for the real estate market: “The prices of houses and apartments with exterior in the most popular neighborhoods of the municipality increased from 15% to 18% In two years, “surprised François Grimont, responsible for an ORPI agency in Metz. And this despite an estimated average square meter at 2,078 euros in the city, according to the data of better.

But the beautiful apartments of 105 square meters in Metz-Queuleu with 50 square meters of terrace, sold 320,000 euros in less than a week, are no longer exceptions. Like uniform homes, which trades above 400,000 euros, or even 1 million for exceptional goods.

Real estate Messin returns with lost attractiveness when closing its military air base in 2012: “Thousands of jobs have been lost at that time, and real estate prices dropped. Meter Square average was between 1,700 euros and 2,000 euros. Today, for the most sought-after assets, we will be around 3,000 to 3,200 euros the square meter, “adds the real estate agent.

Metamorphosis

The soldiers have since been replaced by border workers. The city, located just one hour by car from Luxembourg, has been able to arrive since the beginning of the pandemic a large number of managers ready to commute: “Prices are so high in Luxembourg that with the rise of teleworking, Many employees of Finance prefer to buy to Metz to have a larger area. Their purchasing power is much higher than that of the rest of the population, and they contribute to rising prices, “says M e Philippe Krummenacker, notary associated with Metz.

Especially since the municipality has metamorphosed. In 2012, a series of works is launched to maintain the architectural heritage Messin, with its forty-one classified monuments and fifty-eight monuments enrolled in the inventory of historical monuments.

Many major projects are undertaken, as an imperial heart, a construction site at 100 million euros on the site of the ex-Hospital Bon-Résêt, where are now 450 dwellings. The ecoquartier of the slopes of the Seille is built and the district of the amphitheater becomes the modern face of Metz, with the inauguration of the center Pompidou-Metz.

The Lizé ecoquartier, in Montigny-lès-Metz, on the outskirts of the city, whose first dwellings will be delivered in 2022, should expand in the years to come “what will attract investors” Olivier Martzel, President of the Terralia Real Estate Development Group. “The new prices in Metz are 4,000 euros per square meter on average, and most programs are eligible for the Pinel device,” he says.

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/Media reports.